EP 45
Binance Resumes Phased Withdrawals Following Security Incident
In this episode
Binance has begun reopening withdrawals in phases across multiple networks following the October 29 security incident, with new Proof of Reserves addresses added to process outbound funds. Founder CZ expressed gratitude to US law enforcement agencies, including the FBI, which attributed the $6.3B attack to North Korea's TraderTraitor group. Meanwhile, BNB Chain DeFi TVL edged up to $5.27B as launchpad gang.fun rolled out its Launchpad 2.0 upgrade with customizable graduation targets.
- Binance initiated phase one of withdrawal resumptions on 2026-11-01, starting with BTC and subsequently adding ETH, BSC, Base, XRP, DOGE, OP, Arbitrum, and TRX.
- The FBI, alongside the USSS and IRS-CI, publicly attributed the $6.3B virtual asset theft from Binance to North Korea's malicious cyber group TraderTraitor.
- CZ posted that vital assistance from US law enforcement agencies including the FBI, USSS, and IRS helped track and freeze assets, softening the market impact on BTC.
- Yi He announced that newly generated wallet addresses for processing withdrawals have been added to Binance's Proof of Reserves page.
- BSC TVL increased 0.43% over the past 24 hours to reach $5.27B, while BNB traded at $713.78, up 1.29%.
- Launchpad gang.fun released Launchpad 2.0, introducing flexible graduation targets of 6, 9, 12, or 15 BNB and redirecting 70% of bonding curve fees (0.7% per trade) to creators.
- genius.fun announced utility updates for GENIUS, including revenue-driven buybacks and burns alongside verification status for holders of at least 1,000 GENIUS.
- The Fear & Greed Index moved up to 34 (Fear) from the previous reading of 30.